Here’s what we’re seeing and hearing:
“Multifamily Turns to Alternative Financing in a Down Market”
That’s the headline of a recent article on Globest.com. Higher interest rates and higher cap rates mean developers are looking for ways to increase leverage and get new projects built. Alternative financing is always there on the periphery, emerging when the business cycle turns down.
As always, if you have any questions, please contact us. Until then, please enjoy this month’s newsletter.